How do I set creator earnings on OpenSea? | OpenSea Help Center (2024)

This article describes the steps to take to receive creator earnings for your collection when your NFTs sell using OpenSea.

On OpenSea, creator earnings (sometimes called “royalties” or “creator royalties” on other sites) are either optional or enforced. If they’re optional, this means creators can specify their preferred creator earnings in their collection settings, but the NFT owner will ultimately choose whether to pay the suggested earnings when selling the item. If they’re enforced, this means earnings will be paid out when items from that collection sell.

To set your preferred earnings, navigate to OpenSea Studio and click Edit details. In the Creator Earnings tab, add your desired earnings percentage and recipient address. Only collection owners can set creator earnings.

How do I set creator earnings on OpenSea? | OpenSea Help Center (1)

Next, if your smart contract is ERC721-C or ERC1155-C compatible, you can also choose to enforce your earnings according to the steps below. This will invalidate any existing listings or offers on OpenSea.

Contract Type

Are my earnings optional or enforceable?

OpenSea Studio, after April 2nd, 2024 at 10:00am PT

Enforceable

ERC721-C or ERC1155-C compatible custom smart contract*

Enforceable

OpenSea Studio, before April 2nd, 2024 at 10:00am PT

Optional

Non-upgradeable custom smart contract that is not ERC721-C or ERC1155-C compatible

Optional

*Upgradeable ERC721 and 1155 contracts can be upgraded to the ERC721-C or ERC1155-C standard. Please visit our Developer Docs.

If you’re curious to learn more about how this works, we’ll share more technical information later in this article.

I’m using OpenSea Studio to create my collection

If you’re launching a new collection using OpenSea Studio (after 10:00am PT on April 2nd, 2024), it’s simple to enforce your creator earnings in your collection settings.

After you’ve deployed your contract in Studio, click Set creator earnings.

How do I set creator earnings on OpenSea? | OpenSea Help Center (2)

Set your earnings percentage and recipient address by clicking Add earnings payout address and percentage. Then, you can enforce them on OpenSea sales by clicking Turn on enforced earnings. You’ll be prompted to complete a signature request in your wallet.

How do I set creator earnings on OpenSea? | OpenSea Help Center (3)

If you deployed your OpenSea Studio smart contract before 10:00am PT on April 2nd, 2024, you can set optional earnings in your settings, but won’t have the option to enforce your earnings.

I’m deploying an ERC721-C or ERC1155-C compatible custom smart contract

After you’ve deployed an ERC721-C or ERC1155-C compatible contract, or upgraded your existing contract, you can configure and enforce your earnings on OpenSea in your collection settings.

Navigate to OpenSea Studio and select Edit details for the collection you’d like to update your earnings.

How do I set creator earnings on OpenSea? | OpenSea Help Center (4)

In the Creator Earnings tab, set your earnings percentage and recipient address by clicking Add earnings payout address and percentage. Then, you can enforce them on OpenSea sales by clicking Turn on enforced earnings. You’ll be prompted to complete a signature request in your wallet.

How do I set creator earnings on OpenSea? | OpenSea Help Center (5)

If you don’t see the option to enforce your earnings, this means your smart contract isn’t compatible with ERC721-C or 1155-C, but you’ll still be able to set optional creator earnings.

If your smart contract is upgradeable, visit our Developer Docs for technical information about how to make your contract compatible. After you’ve upgraded your contract, you’ll be able to enforce your earnings in your collection settings on OpenSea.

OpenSea’s marketplace supports smart contract-level enforcement of creator earnings through compatibility with ERC721-C, a standard for enforceable on-chain creator earnings.

This compatibility is made possible by Seaport v1.6, a smart contract protocol. In simple terms, when you enforce creator earnings on OpenSea, this enforcement method can check if certain conditions defined by the creator – such as creator earnings being paid out – have been met before transferring the item. For a more technical description, check out our Developer Docs.

If your smart contract is not ERC721-C or ERC1155-C compatible, or you choose not to implement this method, any creator earnings you’ve set in your collection settings will be optional.

Finding NFT collections that support creator earnings

If you’re looking to support creators, OpenSea makes it simple to find collections and listings that enforce earnings.

By default, collections with enforced creator earnings will have those earnings reflected at checkout.

Optional creator earnings are also surfaced at multiple points in-product, so sellers can easily select the creator's preferred earnings when creating a listing or accepting an offer, and buyers can easily search for listings that pay the creator’s suggested earnings or that have enforced earnings.

How do I set creator earnings on OpenSea? | OpenSea Help Center (6)

If I enforce my earnings on OpenSea, does this limit which marketplaces my NFTs can be bought and sold on?

This enforcement method makes your NFT collection on OpenSea compatible with ERC721-C.

As such, if you enforce your creator earnings according to the steps above, sales will only be supported on OpenSea and other marketplaces powered by LimitBreak’s Payment Processor, which currently includes Magic Eden. Keep in mind that to enforce your creator earnings on other marketplaces, you'll need to do so according to the steps they've specified.

What if I previously deployed my smart contract and now want to enforce creator earnings?

In order to enforce creator earnings on OpenSea, an NFT smart contract must adhere to the ERC721-C or ERC1155-C standard or be upgradeable to it. The owner of that smart contract must then enforce earnings via OpenSea Studio following the steps above.

If your smart contract is upgradeable, visit our Developer Docs for technical information about how to make your contract compatible. Please note that OpenSea is unable to provide custom developer support for modifications to your custom smart contract.

If your smart contract is not upgradable, or if you created your collection using OpenSea Studio before 10:00am PT on April 2nd, 2024, due to the way your smart contract is configured, you won’t be able to retroactively enforce creator earnings. However, you can still set your preferred optional creator earnings in your collection’s settings.

How can I set optional creator earnings?

You can set a preferred optional creator earnings percentage in your settings. However, whether these are paid out will depend on individual sellers.

Simply click Add earnings payout address and percentage in the Creator Earnings tab of your collection settings, and set your preferred earnings percentage and recipient address.

How do I set creator earnings on OpenSea? | OpenSea Help Center (7)

How is OpenSea able to enforce creator earnings with this method?

Seaport Hooks, released with Seaport 1.6, allow creators to set conditions that need to be fulfilled before NFTs in their collections can be transferred (such as creator earnings). This enables developers to do things like “adapt” Seaport to be compatible with the creator fee enforcement mechanism of the ERC721-C standard.

What is OpenSea’s “earnings matching” policy and how does it work?

OpenSea aims to ensure that collectors are not unfairly disadvantaged on our site if creator earnings are set at different levels across other NFT marketplaces.

If a creator has configured their NFT contract in a way where collectors would have to pay higher creator earnings percentages on OpenSea than on other marketplaces, the earnings percentage on OpenSea may match what’s reflected elsewhere.

For example, if a creator’s earnings are set at 3% on Marketplace X, and 5% on OpenSea, the creator’s earnings on OpenSea may change to 3%.

This policy won’t impact you if your earnings are configured at the same percentage on OpenSea as other marketplaces.

Is there a maximum creator earnings percentage that I can set?

The maximum creator earnings percentage you can set on OpenSea is 10%.

How do I set creator earnings on OpenSea? | OpenSea Help Center (2024)

FAQs

How do I set creator earnings on OpenSea? | OpenSea Help Center? ›

To set your preferred earnings, navigate to OpenSea Studio and click Edit details. In the Creator Earnings tab, add your desired earnings percentage and recipient address. Only collection owners can set creator earnings.

How to set creator earnings in OpenSea? ›

Creator earnings on secondary market sales

You can choose to enforce creator earnings for your collection by navigating to your Edit collection settings and selecting the Creator Earnings tab under Edit collection, and set your specified earnings.

What is creator earnings optional in OpenSea? ›

If you're a seller and earnings are optional for the collection you're selling from, you'll have the option of adding creator earnings when you list an item or accept an offer. By default, these will include the creator's preferred earnings, but you can choose to adjust this percentage.

How do I edit collections in OpenSea? ›

From the OpenSea homepage, navigate to your Profile icon and select Studio. You'll see a list of all of your collections associated with your wallet. Simply click on the collection you'd like to edit, or select Edit details, to navigate to your Edit collection page and get started!

How do I change my creator fee on OpenSea? ›

To set your preferred earnings, navigate to OpenSea Studio and click Edit details. In the Creator Earnings tab, add your desired earnings percentage and recipient address. Only collection owners can set creator earnings.

Who pays gas on OpenSea? ›

Since OpenSea, for instance, leverages the Ethereum network, gas fees work similarly on this platform. The buyers pay fees when purchasing fixed-price items, while sellers pay the gas fee when accepting offers. But, like the price of altcoins, gas prices vary depending on supply and demand.

Can the original creator get money each time the NFT is sold? ›

NFT royalties are typically paid to the creator of an NFT whenever the asset is resold on the marketplace. This means that even after the initial sale of an NFT, the creator continues to earn a percentage of each subsequent sale.

How do artists make money on OpenSea? ›

Creators and collectors have two main ways to sell using OpenSea: via fixed price sale and in an auction. Buyers pay gas fees when purchasing a fixed-price item, sellers pay gas fees when accepting offers in an auction, and OpenSea receives 2.5% of the sale price of your NFT.

What is the creator royalty fee in NFT? ›

NFT Royalties are the crypto payments (typically a percentage of the sale price) given to the original NFT creators each time digital assets are sold on a marketplace. Generally, the NFT royalties may range from 2,5% to 10%, but it varies based on the percentage set by NFT creators themselves.

Is OpenSea taking away royalties? ›

OpenSea's announcement of the royalty discontinuation, effective from August 31, 2023, ignited a firestorm of discussions among NFT enthusiasts. These unique digital assets have been a lifeline for creators, enabling them to safeguard their intellectual property and earn their fair share from art sales.

How do I set price on OpenSea? ›

Lowering the price of listings

You can lower the price of a fixed-price listing by navigating to your item and clicking Edit listing at the top right of the page. Enter the new price in the Set new price section and click Continue. You'll need to review and confirm the listing in your wallet.

How to publish 10,000 NFT on OpenSea? ›

To upload 10,000 NFT to OpenSea, you first need a new account. After creating your account, click on "Account" and then "Send Assets." Under the "To:" field, enter "OpenSea" and in the "Amount (NFT)" field, type in 10,000. Click on the blue button that says "SEND!" and your assets will be uploaded to OpenSea!

How do I make my collection reviewed on OpenSea? ›

How to apply for verification & badging
  1. Navigate to the Verification and badging section of your settings. ...
  2. Make sure to complete your profile and supply any missing information on your collections. ...
  3. Once you've completed your profile and any missing items on your collections, click Submit for review.

How do I organize my OpenSea collection? ›

  1. You can organize and showcase the NFTs you've collected by creating a shelf of featured items. ...
  2. On OpenSea, click on your Profile icon and select Settings.
  3. On the left side, click Featured items.
  4. Click the button Create section.
  5. Select NFTs in the order you'd like them to appear and click Next.

How do I make a collection offer on OpenSea? ›

Placing a collection offer
  1. Navigate to the collection page.
  2. On the bottom of the page, click Make collection offer.
  3. Fill in the Offer price in WETH or click Set to best offer.
  4. To make more than one collection offer, increase the Quantity. ...
  5. (Optional) If you have a specific trait in mind, use the Trait field to select it.

How do NFT creators get paid? ›

NFT royalties are typically paid to the creator of an NFT whenever the asset is resold on the marketplace. This means that even after the initial sale of an NFT, the creator continues to earn a percentage of each subsequent sale.

How does OpenSea generate revenue? ›

OpenSea's primary revenue stream comes from transaction fees. The platform charges a fee of 2.5% on all transactions on the marketplace. This fee is deducted from the seller's proceeds at the sale. OpenSea also generates revenue through partnerships and collaborations.

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